Parker-Hannifin gains as Q3 profit beat estimates

Parker-Hannifin

01/05/2025 15:40

** Parker-Hannifin PH.N marginally up 2% at $615

** Co's Q3 profit beat analysts' estimates on the back of steady demand for aircraft parts and components

** PH posts Q3 profit of $6.94/share, compared with analysts' average expectation of $6.72, according to data compiled by LSEG

     ** Co's Q3 revenue fell about 2% to $4.96 billion, compared with estimates of $4.99 billion

** 18 of 23 brokerages rate the stock "buy" or higher, 5 "hold"; their median PT is $708.50

** Including session moves shares fell 3.5% YTD

 (Reporting by Apratim Sarkar)

 ((Apratim.Sarkar@thomsonreuters.com))